Market Currents: Do Yield Curves Indicate Recession?
Everybody is talking about the yield curve today. How good are they at indicating a coming recession and what influences them? Steve Brennan talks about it with Alhambra CEO Joe Calhoun.
Market Currents: Fed Punishing Middle Class
Is the Fed punishing the middle class? Steve Brennan talks to Alhambra CEO Joe Calhoun about the Fed’s focus on killing jobs and stopping wage increases in an attempt to slow inflation. Has the Fed gone too far, too fast?
Market Currents: An Aging Population is Not Disinflationary
It’s a myth that an aging population is deflationary. Steve Brennan and Alhambra CEO Joe Calhoun look at where the myth came from and the difference between its beginnings and what’s going on today in the United States.
Boom & Bust
Jerome Powell has said repeatedly that the Fed's goal is to get rates higher and leave them there for an extended period of time. He believes that the mistake of the 70s was that once higher rates snuffed out inflation, the Fed cut rates too quickly and the inflation returned. I think the mistake of the 70s was that, by [...]
Weekly Market Pulse (VIDEO)
Alhambra CEO Joe Calhoun has an opinion on why the market was on a roller coaster after the Fed statement last week; There’s more than one way to calculate the 10/3 yield curve, and don’t put all you hope on a single market indicator.
Market Currents: What Drove Income Inequality
Demographics and Globalization are responsible for wealth inequality around the world. Steve Brennan and Alhambra CEO Joe Calhoun talk about the winners and losers.
Weekly Market Pulse: It’s Always Different This Time
The FOMC met last week and did what everyone expected them to do - raised the Fed Funds rate by 0.75%. The bond and stock markets reacted not to this action but to the commentary provided by the committee in its statement and by Chairman Jerome Powell at his post meeting press conference. The former had a new phrase, a [...]
Market Currents: Political Populism…the Economic Causes
Demographics and Globalization are driving political change. Alhambra CEO Joe Calhoun talks about causes and unintended consequences.
Market Currents: Demographic Trends Now Inflationary
Demographic trends are changing the economic landscape in the United States. The older population is growing rapidly while the working population is shrinking. The labor shortage is also adding to the problem. Steve Brennan and Alhambra CEO Joe Calhoun break it down.
The End of China’s High Tech Aspirations?
Forget a gradual decoupling from China. In October, the Biden administration announced new export controls and rules that effectively decapitate China’s semiconductor industry. The ramifications go beyond semiconductors to everything touched by them, including potentially ending nearly all of China’s high-tech aspirations. U.S. companies are now banned from exporting advanced chips to China without special exemptions. But the rules go [...]
Stay In Touch